This month, the spot price of glass rose first and then fell, and the overall price fell. The average price of glass at the beginning of the month was 24.3 yuan/square meter, and the average price at the end of the month was 22.61 yuan/square meter. The price fell within the month by 6.95%.
In May, the spot price of glass rose first and then fell, and the overall price fell. In the first ten days of May, the market continued to perform well in the previous month. Manufacturers' inventories increased slightly, which was generally controllable. The market mentality was good, and prices were raised. In the middle and late ten days of the year, the spot market became weaker, manufacturers' inventories gradually increased, and the price center of gravity of the glass spot market began to decline. The overall market confidence is not good, the downstream purchases cautiously, replenishes goods on demand, and waits and sees. Up to now, the market quotation in Shahe area is around 21 yuan/square meter to 22 yuan/square meter.
In terms of soda ash, the trend of soda ash continued to decline in May. The average market price of light soda ash at the beginning of the month was 2,650 yuan/ton, and the average market price on May 30 was about 2,170 yuan/ton, a price drop of 18.11%. The domestic soda ash price is generally weak. The soda ash plant is relatively stable, the overall trading atmosphere is average, the downstream demand for soda ash is average, and the purchase is still mostly on demand, with strong wait-and-see sentiment. In the upstream and downstream supply and demand game, market participants have a strong bearish attitude towards the market outlook. It is generally expected that the price of soda ash will remain weak in the later period, depending on the downstream market demand.
This month, the spot price of glass rose first and then fell, and the overall price fell. The trend of upstream soda ash continued to decline, domestic liquefied natural gas prices were lowered, and cost support was weak. At present, the phased replenishment of the market has come to an end, and market confidence has weakened. It is expected that the glass spot market will operate weakly and steadily in the short term.
